Question

Which statement defines equilibrium in a graph showing demand and supply curves?

Answer 1

A. It is the point where the demand and supply curves intersect.

Step-by-step explanation:

Answer 2

When the amount demanded is equal to the amount supplied, then equilibrium is achieved, known as the market equilibrium (aka supply-demand equilibrium), where the quantity is equal to the equilibrium quantity and the price is equal to theequilibrium price.

I hope my answer has come to your help. God bless and have a nice day ahead!